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Greyscale, the world’s largest asset manager, is challenging to maintain its dominance in the spot bitcoin ETF market. Despite a significant capital withdrawal from the GBTC core, Greyscale remains adamant. Ten has unveiled plans for a smaller bitcoin ETF that features more competitive fees, to fend off competition from rivals. Grayscale’s Response to Market Trends…
Recent data from SoSoValue has shed light on the movement within Bitcoin spot ETFs. On March 22nd, these ETFs experienced a notable net outflow totaling $51.6 million. This movement reflects a period of uncertainty and fluctuation in the market, prompting investors to reconsider their positions. Grayscale ETF GBTC: A Singular Event One standout in this…
Amid the billion-dollar fine imposed on Binance and the resignation of CEO Changpeng Zhao, attention has shifted towards a positive development related to Bitcoin ETFs. Grayscale, a company with a pending Bitcoin ETF application, recently engaged in discussions with the U.S. Securities and Exchange Commission (SEC). This meeting signifies a potential breakthrough in the listing…
The United States Securities and Exchange Commission (SEC) faces a deadline for appealing the court decision. The court ruled in favor of Grayscale Investments. This deadline applies to Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. Although many believe the SEC won’t challenge the court’s decision, analysts speculate the…